Regardless of bull or bear markets, having a trend is always good, just don’t keep drawing doors and it’s okay
Kenzoy
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Bearish
Someone in the comments asked, what if next year is not a bear market, but a bull market instead?
Moving averages are actually lagging indicators. When the moving averages confirm that a bull or bear market is emerging, like now with Bitcoin breaking below all moving averages, I will definitely see a bear market.
If, as this fellow said, it turns into a bull market, then I need to see you properly reclaim all the moving averages, with the price breaking through the resistance level of all moving averages. This would mean that all moving averages will start to turn upwards, forming a bullish divergence, and at that time I would go long. Rather than guessing now whether next year will be a big bull market, I see no signs of a bull.
Also, there was a news today that E Lihua said that the Americans are going to inject liquidity, and it’s going to be a bull market. With so much liquidity, why is the market still in such a bad state? Are there bad people among the crowd? With so much liquidity, you should drive it up, then I would go long.
Being objective about the market, I will judge the major trend based on the movements of the moving averages. In the short term, I will use MACD in conjunction with short-term moving averages to make some trades. Most of the time, we are making money from the trend. $SOL
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
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